Metaverse: Breaking the Internet, Literally!
As time progresses, every activity changes drastically with technology and innovation. Remember how back in the day, finding a significant other at a bar or a park, to now searching for romance on dating apps like Tinder. Fast forward to the very near future where you might be venturing for the love of your life on none other than, The Metaverse.
“The word “metaverse” is a portmanteau of the prefix “meta” (meaning beyond) and “universe”; the term is typically used to describe the concept of a future iteration of the internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe.” — Forbes Magazine, 2020.
The metaverse will replace the 2D internet with a 3D fully immersive environment that may totally revamp the way we live, work, socialize, and more.
The metaverse will disrupt with a crazy creative twist in every industry seamlessly!
Fashion
Fashion is also going digital to keep up with sustainability concerns. The first-ever digital was sold for $9,500! The 3D technology gives fashion designers to visually explore new digital shapes, textures, and materials.
Real Estate
Metahoods and Metacities will be established with virtual malls, places of worship, and more. Virtual plots of land are going for as high as $500,000 on metaverses like Decentraland, Cryptovoxels, Somnium Space and The Sandbox. As more establishments are built and more traffic is experienced in these areas, the value of the land will appreciate making it an investment.
We can expect an omniverse of live events and virtual events. This will promote an ethos of greener living.
Digital Economy
The Metaverse is also bringing value in its borderless, digital economy providing income opportunities and whatnot. Play to Earn games like Axie Infinity and others, reward players with NFTs that can be sold for profit. Filipinos who were struggling to make ends meet and put food on the table at the beginning of the pandemic, found their pot of gold with these games. The people were earning 2x minimum wage by playing an online games.
Bringing Worlds Closer
Restaurants, conference rooms will start to use hologram technology that can connect individuals from miles apart to enjoy a real-time and more in-the-moment experience. The ‘Two Hearts Pizzeria’ had brought this exciting new technology to their diner, enabling families separated by the pandemic to enjoy a hearty meal together.
This technology will be revolutionary especially during this time when many are suffering from depression and loneliness being confined to their homes.
Events and concerts are also taking place in this simulated space that is promoting more inclusion. In the sense that a virtual event can accommodate an unlimited audience as opposed to a concert hall or a convention center with limited capacity. This kind of event has also proven very popular amongst the population seeing the 12 million viewers at Travis Scott’s virtual concert!
What does the future hold for the metaverse?
Major developers of the Metaverse like Facebook, Microsoft, Epic Games and so on seem to be building a utopian vision of what this world might look like. Somewhat of a better life than reality has to offer us now, away from the world issues like the Afghanistan crisis and our overheated Earth. All these real-life problems may make us yearn for the metaverse. The metaverse will offer limitless possibilities to overcome the constraints of the physical world. The metaverse will be the successor to the internet.
